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XRP is poised for growth as it aligns with the Trump administration's crypto policies, potentially attracting institutional interest. SBI Holdings' significant investment in Ripple enhances XRP's market position, while favorable regulations and the resolution of Ripple's SEC legal issues could lead to substantial institutional inflows. Currently, XRP is trading at approximately $2.57, reflecting an 8.30% increase in the last 24 hours.
Cardano's ADA and Ripple's XRP are poised for significant growth in 2025, driven by a more favorable regulatory environment in the U.S. Both tokens saw substantial gains post-November elections, with Cardano focusing on DeFi and global projects, while Ripple emphasizes cross-border payments. Analysts predict Cardano may reach new all-time highs, while XRP could experience steady growth through institutional adoption.
North Korean hackers, linked to the TraderTraitor Group, executed a sophisticated social engineering attack that led to the theft of $305 million from Japan's DMM Bitcoin. The breach involved a Ginco employee who was tricked into running a malicious script, allowing the attackers to impersonate them and manipulate a transaction request. Following the incident, DMM Bitcoin announced plans to cease operations by March 2025, halting withdrawals and trading activities.
Ripple's MoneyTap has achieved significant adoption in Japan, with partnerships involving six regional banks, including Shinonome Shinkin Bank and Nagoya Bank, contributing to a $13 billion increase in international remittances. Launched by SBI Holdings, MoneyTap allows instant transactions via QR codes or phone numbers, and now serves millions of users across the country. Remarkably, Ripple has partnered with up to 80% of the Japanese banking industry, highlighting its growing influence in the financial sector.
GAM Investments has urged SBI Holdings to implement an XRP buyback program to unlock shareholder value, citing a significant gap between the company's market value and its crypto assets, particularly its indirect holdings in Ripple, valued at over JPY 1.6 trillion. The proposal includes increasing transparency through daily XRP valuations and regular updates on net asset value. By adopting this strategy, similar to MicroStrategy's Bitcoin accumulation, GAM believes SBI could enhance its market capitalization, which currently stands at JPY 1.2 trillion.
SBI Holdings Inc. has disclosed its mutual funds' exposure to Adani Group securities, following similar actions by Nomura Holdings Inc. and other Japanese financial firms amid the ongoing fallout from the conglomerate's scandal. SBI's asset management division detailed the weightings of Adani-related stocks in four publicly offered investment trusts, while Nissay Asset Management Corp. reported on ten index funds.
UBS has launched the "UBS USD Money Market Investment Fund Token" (uMINT), a tokenized money market fund utilizing Ethereum's blockchain, aimed at institutional investors. This initiative reflects growing interest in digital assets and is supported by Singapore's favorable regulatory environment, enhancing transparency and security through decentralized technology. The fund promises improved liquidity and faster transactions, positioning UBS alongside other major financial institutions venturing into tokenized solutions.
SBI Holdings, Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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